Housing sales, prices dip


More than 2,000 homes pended in February, with all but one Central Indiana county reporting increased sales compared to the same time last year, according to statistics compiled by F.C. Tucker Co. Overall, February 2013 pended home sales rose 8.1 percent over February 2012, an increase of 152 homes sold in the nine counties that F.C. Tucker tracks.

Real estate sales are off to a good start this year, and as the national economy has improved, we are seeing a spark in the local housing market as well. Despite the positive trends across Central Indiana, Boone County is experiencing mixed results.

  • In Boone County year-to-date, 129 homes pended which is a modest increase of one home compared to the same time last year.
  • Specifically in Zionsville, 30 homes pended in February 2013 – a decrease of nine homes compared to February 2012.
  • Buyers in Zionsville are discovering bargains, as prices dip. Last month, the average sales price slipped to $283,569, a decrease of 13.5 percent compared to February of last year.
  • Of the pended home sales in Zionsville last month, four were priced $500,000 to $999,999; 14 were priced $300,000 to $499,999; five were priced $200,000 to $299,999; and seven were priced $100,000 to $199,999.
  • Prospective home buyers in Zionsville are discovering the supply of available homes is getting smaller. Last month, 199 homes were on the market, down 19.8 percent compared to February 2012.

With the national unemployment rate at its lowest level in four years and the stock market experiencing a rebound, we anticipate that confidence will grow here in Central Indiana and continue to fuel housing sales.